Real estate dealmakers look forward to a much busier 2025. High interest rates and uncertainty have choked markets for commercial real estate since rates began their relentless rise two years ago. In 2024, banks and other lenders struggled to underwrite new loans and refinance expiring ones. Potential buyers and sellers argued about the value of assets.

Held in fast-paced and bustling Ho Chi Minh City, Vietnam, in mid-November, ULI Asia Pacific’s REImagine 2024 brought together more than 100 professionals in a uniquely engaging way.

Although market dynamics are changing in countries across Asia, new opportunities are opening up in real estate investment

One of Singapore’s most vibrant districts demonstrates how public/private partnerships and the community can shape the built environment.

For two hundred years, the Warsaw Citadel at the heart of Poland’s capital was a restricted military and administrative area, cut off from public access. With the recent opening of the Polish History Museum, as well as the new Polish Army Museum, the 19th-century fortress’ 74-acre (30 ha) grounds now serve as a multifunctional cultural and educational facility and park that preserves and showcases the country’s heritage.

Four experts discuss how to rebuild urban cores by bringing the public and private sectors together to create thriving downtowns that entice remote workers to return to the office and broaden the mix of uses.

Nestled in the shadow of SSM Health’s new $550 million hospital and Saint Louis University’s medical and undergraduate campuses, the former Steelcote Manufacturing Company Paint Factory and its neighboring parcels constituted a forgotten remnant of St. Louis’ proud industrial past. Few observers, if any, envisioned the area’s potential for housing not only students and hospital employees but also national entertainment options such as Topgolf and a major retailer, Target.

When my wife and I moved back to the Los Angeles area in 2000, we bought a three-bedroom Spanish-style home two blocks south of the Altadena/Pasadena border, and just a few blocks from the neighborhoods lost in the Eaton fire this past January. It was a special home for us: our first child was born there, and we loved starting our family in such a racially and socio-economically diverse residential community.

The Colorado Rockies’ ownership leased a parking lot adjacent to Coors Field in order to construct McGregor Square, a 3.2-acre (1.3 ha) mixed-use development that serves baseball fans, tourists, and the broader community.

Experts suggest more comprehensive soil testing to ensure wildfire victims can safely return home

A city renowned for its vibrant culture and sweeping coastal skyscrapers, Miami set the stage for this year’s ULI Health Leaders Network Introductory Forum. Spanning the course of three days, Cohort 8 learned from local practitioners and explored the various ways in which the city marries real estate and land use with health and social equity. The Health Leaders toured historical and contemporary neighborhoods, provoking thoughtful discussion on how Miami development compared to their own local contexts.

By repurposing an underutilized hotel as student housing, San José State University ignites campus life and fuels a downtown resurgence

The Melville Charitable Trust awarded $75,000 to the ULI Foundation to support the development of 10 Principles for Addressing Homelessness: A Guide for Real Estate & Finance. Awarded in October 2024, the one-year grant is the trust’s first donation to the Urban Land Institute (ULI). It will let ULI’s Homeless to Housed (H2H) initiative create a comprehensive guide intended to connect real estate leaders with not-for-profit housing and service providers and collectively identify ways of catalyzing the production and preservation of more deeply affordable housing that is both cost-effective and rapidly deployable.

Canada’s real estate market is in the midst of a pivotal shift as the Bank of Canada (BoC) rolls back what has been “higher for longer” interest rates. Yet despite welcome relief on financing costs, real estate leaders are still moving somewhat cautiously amid uncertainty and fluid market dynamics.

“ULI members in San Antonio understand the precariousness of their city’s housing crisis,” says Javier Paredes, principal at StudioMassivo and ULI San Antonio member leader. “They [also] recognize the power of aligning housing with transit to create greater housing stability.” In response to San Antonio’s housing crisis, ULI San Antonio members and staff applied to participate in a local technical assistance grant program from ULI’s Homeless to Housed (H2H) initiative.